Crypto will be making waves this summer

You’ve all heard the news of almost every major firm filing for a crypto ETF approval right?

Well according to analysts it might happen sooner than you think.

According to Bloomberg a conclusion could be made as early as August

It’s hard to imagine a bearish market if the outcome comes back positive as early as August.

An ETF by the SEC has never been approved before.

The eyes on the market, institutional interest and just media press in general about crypto will be all over the place.

That is IF we get an approval right?

The SEC has rejected ETF applications in the past in numerous occasions.

But this time there are some key difference and it’s not just BlackRock either.

Let’s look at what’s different shall we.

BlackRock has a 575 to 1 SEC application success rate.

While many could argue this alone is reason enough to be bullish it isn’t.

Apparantly even Grayscale has a 70% chance of winning an ETF approval.

Stronger yet, it might bear BlackRock to it.

Ever since Grayscale appealed the SEC’s decision to reject its application in June 2022, the two parties have engaged in back and forth legal filings.

Since then they have been heared by three U.S. federal appellate court judges on March 7.

๐€๐ฅ๐ฅ ๐ญ๐ก๐ซ๐ž๐ž judges on the panel appeared to side with Grayscale,โ€ based on their โ€œlines of questioning.

This improved the chances considerably for their newest ETF application.

The crypto market would be exposed to firms with a combined $27 trillion in assets under management if all major financial institutions that applied would see an approval.

BlackRock alone however already has access to $10 trillion.

This doesn’t mean it would all flow into crypto of course.

A percentage of this, media press, general awareness will already do wonders towards the crypto market.

If this market was expecting a bullish acceleration soon between now and the next 1-2 years a situation like this will certainly kickstart it earlier.

It could very well be as early as this late summer.


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